Japan's Sumitomo Mitsui to boost stake in Philippines' RCBC for $460m

Japan's Sumitomo Mitsui to boost stake in Philippines' RCBC for $460m

Photo: Pixabay

Japan’s Sumitomo Mitsui Financial Group Inc said on Wednesday it would buy an additional 15% stake in the Philippines’ Rizal Commercial Banking Corp (RCBC) for about $460 million.

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